so are we just in a general asset bubble now have any assets gotten cheaper lately real estate, equity, bonds, crypto even. all super expensive whats going on
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Yeah, they just moved the biggest part of M2 into M1
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i’m with Sumner on this, ngdp is better to look at. when “money” includes leveraged instruments like demand deposits, credit cards, and now even my margin account (i can buy coffee with this) the M’s are often a distraction
End of conversation
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